May 25, 2011, Single Stock

Bharti - Bharti made a second doji candle. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/supports breaks or bounces.
Supports: 345-51
Resistances:365, 379

Infosys - Infy made a higher high and a higher low. It was also hammer candle.
Trading: Play for resistance/support breaks or bounces.
Supports: 3110, 2948, 2904
Resistances: 3162, 3238

RIL - RIL fell and hit our stop loss at 940. We closed our position and booked the losses. We will wait and watch before taking a new position.
Trading: Stay long with a stop loss at 940
Supports: 940, 964, 954
Resistances: 1100, 1125

SBIN - SBI fell sharply and made a lower high and a lower low. We will wait and watch before taking a new position. It looks like SBI is in a downtrend. We will look for a good opportunity to go short. 2138 is strong support.
Trading: Play for resistance/support breaks or bounces.
Resistances: 3325, 3515
Supports: 2138,